Investors are piling into European property in a move that is driving prices up and inflating renewed bubble fears.


PwC and the Urban Land Institute have identified that investors are pushing into riskier markets such as Spain and Ireland and riskier activities such as development and lower-quality secondary property. CBRE has published separate data to show that investment in European commercial property climbed 21% year on year to €154bn (£128.24) in 2013 – the highest level since the credit crunch.